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Business Bankruptcy Law Lawyers In Somers Connecticut

Somers is a town in Tolland County, Connecticut, USA. The population was 10,417 at the 2000 census. In 2007, Money Magazine named Somers, Connecticut 53rd on its list of 100 Best Places to Live, based on "economic opportunity, good schools, safe streets, things to do and a real sense of community."

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.